Koreatown (KREA) Homes with Asphalt Parking features

Welcome to Koreatown (KREA), a vibrant and culturally rich neighborhood nestled in the heart of Los Angeles, California. Known for its dynamic blend of history, culture, and modernity, Koreatown is a thriving hub that offers an unparalleled urban lifestyle. With its bustling streets lined with trendy cafes, authentic restaurants, and an array of shops, residents enjoy a unique mix of experiences that reflect the rich Korean heritage and the eclectic spirit of Los Angeles.

One of the standout features of homes in Koreatown is the convenience of asphalt parking. In a city where parking can often be a challenge, having dedicated asphalt parking spaces provides a significant advantage. These homes not only offer comfort and style but also the practicality of easy access to your vehicle. Imagine coming home after a long day, pulling into your own designated parking spot, and stepping into a welcoming space that reflects your personal taste.

Koreatown is also renowned for its vibrant nightlife, with numerous bars, karaoke lounges, and late-night eateries that keep the energy alive well into the evening. The community is well-connected, with public transportation options making it easy to explore all that Los Angeles has to offer. Additionally, residents benefit from a diverse population, fostering a sense of community and inclusivity.

Whether you’re looking for a cozy apartment or a spacious family home, Koreatown offers a variety of options that cater to different lifestyles. Embrace the charm of this dynamic neighborhood and discover your perfect home in Koreatown, where culture, convenience, and community come together seamlessly.

Newest Koreatown (KREA) Homes with Asphalt Parking features

$1,384,000

SR26132353 MLS ⋅ Active Status

The Berendo property currently consists of a turn-key ten multifamily units zoned LAR4-2, high density offering solid redevelopment potential. LAR4-2 zoning in Los Angeles permits high-density residential development, including apartment houses, multiple dwellings, and mixed use projects. The "LAR4" portion allows for 1 dwelling unit per 400 sq. ft. of lot area, while the "2" indicates a Height District 2 designation, generally allowing for unlimited height. Approximately 28% upside in rents. Separately metered for gas and electric. Individual water heaters. Pitched built up roof, raised foundation, gated. Fourteen parking spaces with new automatic gate. Well maintained property. Professionally managed. Excellent transportation. 96 Walkscore. Most recent single unit rented at $1,475 (June 2026). Newly reconstructed second floor exterior walkway. One block from Robert F. Kennedy Community School. Gated frontage and entry. Low maintenance landscaping. Unit mix consists of two, one bedroom units and eight large singles with kitchens. Can be delivered with two vacancies. Gross Rent Multiplier 9.71 at current rents, 7.54 at market. Capitalization rate 5.71% current, 8.16% at market. $138,400 cost per unit. $212 cost per square foot. Current rent per square foot at $2.03, estimated rent per square foot at market $2.67. Large lot with most parking leased separately.

749 S Berendo, Los Angeles

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